Comments on a proposal to include modifications to borrowers experiencing financial difficulty – formerly called troubled debt restructurings (TDRs) by the accounting industry – in the underperforming assets ratio and higher-risk assets ratio for purposes […]
The rise of interest rates has, as yet, had little impact on financial stability, especially as the banking system remains well capitalized, the chair of the Federal Reserve Board indicated Wednesday. Speaking to reporters after […]
Consumer credit reporting companies’ changes to medical debt collection reporting, announced in March, will remove some but not all medical debt collections and will leave nearly half of consumers still seeing such collections on their […]
Increased interest from banks and other stakeholders in working with minority depository institutions (MDIs) has led the national bank regulator to update and streamline its policies, procedures and programs, the agency said in a statement […]
A fine of more than $22 million has been assessed against a Delaware mortgage company for alleged intentional discrimination against families living in mostly minority Philadelphia neighborhoods, the federal consumer financial protection agency said Wednesday. […]
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